Equity financing and long-term borrowings are considered financing requirements and used for buying assets. True/ False Overhead
Question:
Equity financing and long-term borrowings are considered financing requirements and used for buying assets. True/ False
Overhead unit managers usually prepare flexible or variable budgets. True/ False
“What is the aging of our trade receivables” could be considered a statement of income planning assumption. True/ False
Effectiveness indicators measure the goal-related accomplishments of an organization. True/ False
Incremental budgeting has two key flaws: first, it is difficult to relate the budget to specific goals and plans and second, corporate priorities may get lost in the shuffle. True/ False
Principles of Corporate Finance
ISBN: 978-0077404895
10th Edition
Authors: Richard A. Brealey, Stewart C. Myers, Franklin Allen